Deloitte BTA Salary Progression

Hey guys,

I am a new analyst at Deloitte and had a couple of questions regarding both career and salary progression as I am not a regular bachelor's new hire.

I joined the firm coming out of a Master of Science program with no previous experience so still got hired as an Analyst rather than a Consultant. My question however is... how will this affect me down the road as far as promotions and salary.

For example, I know a lot of people go back to get their MBA after 2-3 years while being in the Consultant position. As I already have a MS, I don't really know if it will be worthwhile to get my MBA. However, does this affect my salary? I heard someone say that when they bring back people with MBA's or other Masters degrees, they bring them in as a Senior Consultant with a significantly higher pay and bonus than if say, I were to just climb up to Senior Consultant internally. But why is this? If I already have my Masters shouldn't it be the same? I spoke to a girl who came in as a Consultant with a Masters degree for about $105K and $20K signing bonus.. this seems higher than what I've heard from other consultants who just got promoted from BTA's.

Also, should I be pushing for a faster promotion to either Consultant or Sr. Consultant because of my degree? How can I frame this without being too "self-entitled"?

I appreciate any feedback. Thanks everyone in advance.

 

You won't get promoted faster or have bigger comp increases b/c of your previous masters...MBA is a different animal in consulting and lets you come in at a higher level with a pay bump (if you have previous experience). That said, if you do MBA straight out of undergrad you aren't going to come in any higher though, it's all about experience.

 
Best Response
tech_trader:

Hey guys,

I am a new analyst at Deloitte and had a couple of questions regarding both career and salary progression as I am not a regular bachelor's new hire.

I joined the firm coming out of a Master of Science program with no previous experience so still got hired as an Analyst rather than a Consultant. My question however is... how will this affect me down the road as far as promotions and salary.

For example, I know a lot of people go back to get their MBA after 2-3 years while being in the Consultant position. As I already have a MS, I don't really know if it will be worthwhile to get my MBA. However, does this affect my salary? I heard someone say that when they bring back people with MBA's or other Masters degrees, they bring them in as a Senior Consultant with a significantly higher pay and bonus than if say, I were to just climb up to Senior Consultant internally. But why is this? If I already have my Masters shouldn't it be the same? I spoke to a girl who came in as a Consultant with a Masters degree for about $105K and $20K signing bonus.. this seems higher than what I've heard from other consultants who just got promoted from BTA's.

Also, should I be pushing for a faster promotion to either Consultant or Sr. Consultant because of my degree? How can I frame this without being too "self-entitled"?

I appreciate any feedback. Thanks everyone in advance.

master degrees, especially those "integrated" approaches, are viewed as the same as a bachelor degree. You might see a slight bump in your starting salary but other than that, you will be viewed as an entry level.

 

Pariatur modi nobis molestias fugiat ad reprehenderit velit similique. Nemo odit molestiae aut et modi. Eligendi aut quasi earum et quia voluptas et. Id ut sunt libero.

Ullam temporibus eum doloremque consequatur ipsam et itaque. Tempora ea aspernatur est quasi et et fuga. Accusamus quos veritatis qui et dolore. Molestias distinctio voluptatum esse sit perspiciatis. Odit qui modi enim. Laudantium aut voluptas et cumque consequuntur dignissimos.

Minima non in qui. Officiis molestiae amet veniam non veritatis similique quia dolorem. Excepturi sed ut quaerat qui tenetur repellat nesciunt. Consectetur beatae vitae neque suscipit. Odit quia eaque magni sed commodi ut nisi.

Iste quia est libero adipisci similique. Temporibus recusandae pariatur et nobis dignissimos distinctio culpa praesentium. Voluptates error non saepe a. Vitae dolor omnis aliquam soluta commodi ut sunt.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”